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If you’re shopping for a home and want to know how much you can afford, use our loan calculator to quickly determine what your monthly payment will be.
Disclaimer:
This information provided is for educational purposes only and does not constitute a rate quote or credit approval, subject to change. Payments shown above reflect Conventional loan financing with a 20% down payment with no mortgage Insurance.
Why Rent when you can own?
It’s possible you could OWN a home for close to what you are paying monthly in rent. And you’ve got nothing to lose to find out!
Consider these advantages:
- Build Equity (increase wealth for your future)
- Gain tax advantages (mortgage interest is tax-deductible)
- Stabilize your payment (monthly payments are relatively steady on a fixed mortgage rate, vs. rent, which may be raised by the landlord.
- While market trends fluctuate, owning a home has historically proven to be a good long-term investment